The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-01-25
CONDITION OF THE MARKETS
Wheat Shows Increased Strength Under
Favorable News from Abroad.
Corn Moderately Active and Firm-Oats
Steady and Slightly Higher-PrOvisions
Active at Higher Prices than Saturday.
MONEY, BONDS AND STOCKS.
A Day Of More Decided Weakness than Ha
Been Known for n Month.

A Day Of More Decided Weakness than Has
Been Known for n Month.
NEW YORK, JAM 24.-Money on call was
easy at 305 per cent, closing at f.
Prime mercantile paper, at per cent.
Sterling exchange was active and strong at
a. 49, for sixty-day bills, and a. S74 for demand
The total sales of stocks to-day were 497, 234
shares, including the following: Canada South
ern, $50; Delaware, I4ackawanna & Western,
3s, $40; Delaware & Hudson $780, Erie, 29,9l5;
Kansas 6 Texas, 5.4l5 Lake Shore, %, $50;
Louisville & Nashville, 19, 965: Manhattan Con-
sodated, 1000; Missouri Pacific. 1876 North
western, 6,863; New Jersey Central. "a 1872 New
York Central, $685. Pacific Mail, 6,425; Peoria,
Decatur e. Evansville, 3,525; Reading, 69,S70;
ST. Paul, 81 ,oOo st. Paul & Omaha. 10, 315; Tex
as Pacific, G. 900; Union Pacific. a. 10l; Western
Union, l9, 597; Northern Pacific preferred. 1910;
Oregon & Transcontinental, 1922; Hooking
Valley, Is. OBS.
Government bonds weredull but Arm.
State bonds were dull and steady.
There was more decided weakness shown in
the stock market to-day than at any time since
the break of Dec. 16. Tho market in London
was depressed by the unfavorable aspect of the
political situation in Europe, and the result was
n Seml-panlC
This induced heavy selling by foreign houses
here, and very few of the prominent stocks es-
capped the pressure although ST.. Paul is believed
to have been tho heaviest sufferer. In the fore
noon Jersey Central displayed considerable
strength, by reason of the support given the stock
by the pool and Hooking Valley made material
advance upon the discovery of the scurties
supposed to have been lost. European troubles
were used by the "bears" to depress values late
in the day. The trading was accom- panied by
al do nhI
to a large degree, feverish and irregular. The
opening was decidedly weak, the general range
Of prices being from to per cent below Sat
urday's final figures, while Louisville & Nash
vile was off It. There was an active and well
distributed business throughout the list. Prices
made further slight declines in the carly deal
ings but the market rallied in the frst hour,
and In some cases the opening prices were ex
ceeded The decline, however, was resumed, and
by noon prices were materially below
made at values early in the afternoon, and
slight rally followed, but toward 2P. M. the de-
cline gathered force and was not checked until
the close which was active and weak. The
highest prices were generally recorded at thu
opening. and the lowest at the close. The sales
Z for the day were the largest for some weeks
amounting to 497. 234 shares. Hooking Valley
stands alone among the active stocks In showing
an advance, its gain being per cent. Rich
mond e. West Point is down 81: Louisville &
Nashville. 81; Lake Shore and Norfolk ant
Western preferred, "a
While railroad bonds exhibited no marked
pressure to sell, they still felt the effects of tn
causes which produced the depression in shares
and oS S1 oOs Yielded in ;ymPsths Sales
contributed $105, 900. Prices were weak through
out the day. Denver fours lost II. at 76i; Obi
Southern incomes, q, at 49, and Fort Worth {
Denver FIRST. 2. at sst. Closing quotations were
Three per cent bonds1oo Louisville 8 Nashville sos